Correction in Copper Almost Over! - Elliott wave analysis

14 Ağu 2020

Hello traders!

Copper is slow and overlapping from the high so we see market in a corrective set-back. Ideally that is a wave four which may try to find support now at the rising trendline. As such, be aware of a new continuation higher, especially when/if upper line of a corrective channel support is taken out.

Trade well!

18 Ağu 2020

Not

Copper started to break above the upper corrective channel line. 2020 high in view, and expected to be breached!

19 Ağu 2020

Not

Copper beyond 2020 highs, and targeting 3.09/3.15 possible resistance/reversal level, as wave 5 of a bigger impulse is underway.